UK parliament reluctant to embrace retail CBDC
House of Lords committee snubs case for digital pound
CBDC Digital PoundHouse of Lords committee snubs case for digital pound
CBDC Digital PoundReport warns of potential significant challenges for financial stability and privacy posed by CBDC
CBDCBritish lawmakers said a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability.
CBDC Central Bank Digital Currency Digital PoundThe overwhelming conclusion of the report determined that there is no immediate need for the U.K. to strive for first-mover advantage in the CBDC space.
CBDCAn all-party committee of the United Kingdoms House of Lords warned on the concerns of financial instability from the proposed launch of a CBDC.
CBDC Central Bank Digital CurrencyThere is no convincing case for the U.K. to have a central bank digital currency (CBDC), a House of Lords committee has concluded. The Economic Affairs Committee of the U.K.s upper house set up the enquiry in September to explore how a CBDC might affect the role of the Bank of England, monetary policy and []
CBDC Central Bank Digital Currency